3 arrested for drug trafficking

news.gov.hk - Tuesday 18th June, 2013

Customs officers arrested three people after seizing 7.5kg of cannabis resin worth $1.55 million yesterday.They inspected an air cargo shipment declared as box samples from India on June 14. The resin was found concealed in the wooden rods of 58 embroidery paintings.They raided a flat in Yau Ma Tei and seized another 11kg of cannabis resin, also found concealed in the wooden rods of 80 ...

40 good citizens applauded

news.gov.hk - Tuesday 18th June, 2013

Forty people who helped Police fight crime were commended at the Good Citizen Award presentation ceremony today.Police Director of Personnel & Training Alfred Chau said development and progress in society has brought challenges to police work, and support from the public is paramount in combating crime.The 34 men and six women helped in the arrest of more than 40 culprits for a variety of ...

Govt ICT team visits Dalian

news.gov.hk - Tuesday 18th June, 2013

The Commerce & Economic Development Bureau today led a Hong Kong information and communications technology delegation to Dalian.They will join the 11th China International Software & Information Service Fair, held from June 20 to 23, the only national software fair approved by the State Council and the largest annual ICT event on the Mainland.The delegation will also visit digital ...

China Says Trade Figures Inflated by Arbitrage With Hong Kong

General Sources - Tuesday 18th June, 2013

export and import figures this year were overstated. The transactions "resulted in abnormal growth in mainland-Hong Kong trade for a few months" since the fourth quarter, Shen Danyang, a Commerce Ministry spokesman, said at a monthly briefing today in Beijing. "Even if these arbitrage trades are not necessarily illegal, they are not fully compliant with regulations. ...

Chinas Mengniu adds another deal with offer for Carlyles Yashili

Reuters - Tuesday 18th June, 2013

By Donny Kwok and Stephen Aldred HONG KONG (Reuters) - China Mengniu Dairy Co Ltd (2319.HK) signed a second takeover deal in a month on Tuesday, offering to buy Carlyle-backed Yashili International Holdings Ltd in a deal worth about HK$12.5 ...

Jobless rate drops to 3.4

news.gov.hk - Tuesday 18th June, 2013

The seasonally adjusted unemployment rate was 3.4% in the March-May period, down on the 3.5% figure for the February-April quarter, the Census & Statistics Department announced today.The underemployment rate remained unchanged at 1.6%.Decreases in the unemployment rate were mainly observed in the transportation, and the arts, entertainment and recreation sectors.For the underemployment rate, ...

Productivity Council head to stay

news.gov.hk - Tuesday 18th June, 2013

The Chief Executive has reappointed Clement Chen as Chairman of the Hong Kong Productivity Council for two more years from July 1.The Government announced the appointment today, saying that under Mr Chen's leadership the council has made significant progress in strengthening support for local industry.It has helped small and medium enterprises, and Hong Kong companies on the Mainland, meet ...

Hong Kong technology delegation heads to Dalian

Global Times - Tuesday 18th June, 2013

A Hong Kong information and communications technology (ICT) delegation departed for Dalian on Tuesday to attend the 11th China International Software and Information Service Fair (CISIS) and promote ICT exchange and co- operation between Hong Kong and the Chinese mainland.The delegation was led by the city's Commerce and Economic Development Bureau with around 50 members.The CISIS is ...

UPDATE 1-Hong Kong investigates HSBC other banks for inappropriate market conduct

Reuters - Tuesday 18th June, 2013

Tue Jun 18, 2013 6:28am EDT (Adds HSBC comment, background on rate investigations) June 18 (Reuters) - Hong Kong's de facto central bank said on Tuesday that its investigation into possible benchmark rate manipulation has been extended to include HSBC and a number of other banks. The Hong Kong Monetary Authority (HKMA) announced in December that it was investigating UBS about possible ...

Hang Seng closes flat

The Standard - Tuesday 18th June, 2013

(45 mins ago) Stocks in Hong Kong ended flat in cautious trade as investors wait to see what the US Federal Reserve's plans are for its stimulus scheme. The benchmark Hang Seng Index edged down 0.02 points to 21,225.88 on turnover of HK$59.00 ...

Asia Markets Japan Australia stocks slip before Fed meet

Market Watch - Tuesday 18th June, 2013

HONG KONG (MarketWatch) -- Stocks in Japan and Hong Kong ended with small losses after a choppy trading session Tuesday, as investors pondered whether the U.S. Federal Reserve will maintain its monthly bond ...

Alert issued on bogus email

news.gov.hk - Tuesday 18th June, 2013

invoice@hkma.gov.hk .The authority has clarified that it has no connection with the fraudulent emails.The case has been reported to Police.Anyone who has received the email should call Police on 2860 ...

Hong Kongs Li purchases Dutch waste company for 944 mil. euros

The China Post - Tuesday 18th June, 2013

A group of Li's companies including Cheung Kong Infrastructure said Monday they were buying AVR-Afvalverwerking BV. Li's companies said they were buying the company because it represents a "compelling long-term investment opportunity for the consortium." Van Gansewinkel Groep, which is selling the company, said the deal would close in the third quarter of 2013. The deal still ...

Poll backs Gov’t housing policy CE

news.gov.hk - Tuesday 18th June, 2013

Chief Executive CY Leung says a recent survey has shown Hong Kong people support a development project such as the planned North East New Territories New Development Area.Speaking to the media today, Mr Leung said Chinese University yesterday unveiled a survey on people's opinion of Hong Kong's land supply.He said about 80% of respondents believe Hong Kong has a land-supply shortage ...

Hong Kong investigates Snowdens NSA hacking claims

General Sources - Tuesday 18th June, 2013

Protesters rally in Hong Kong to support Snowden: Hundreds of protesters stage a rally in rain-hit Hong Kong to urge the city's government not to extradite former spy Edward Snowden, and slam the US for its surveillance ...

HK dissidents dream refuge

General Sources - Tuesday 18th June, 2013

Whistleblower Edward Snowden explained his decision to leak sensitive secrets and seek refuge in Hong Kong because, in his words, this city "has a strong tradition of free speech" and "a long tradition of protesting in the streets". He said he would leave his fate to be decided by the people of Hong Kong. Some would consider this as "youthful naivete or sheer ...

Hang Seng down by break

The Standard - Tuesday 18th June, 2013

(40 mins ago) Hong Kong stocks slipped 0.64 percent by the end of morning trade as profit-takers moved in after a healthy rally in the previous session. The benchmark Hang Seng Index fell 135.81 points to 21,090.09 on turnover of HK$33.26 ...

Passengers aboard flight from Hong Kong to New Jersey bound paranoid mans hands feet after poison claims

The Province - Monday 17th June, 2013

A battle is brewing between the federal government and the Canadian Automobile Dealers Association over the issue of making fuel economy labels on new vehicles ...

Hang Seng dips Shanghai edges up

The Standard - Monday 17th June, 2013

(1 hr 1 min ago) Stocks in Hong Kong opened 0.74 percent lower as investors awaited a Federal Reserve meeting for clues on whether it will soon start to reel in its massive stimulus spending. The benchmark Hang Seng Index fell 156.54 points to 21,069.36 in the first minutes of trade. In Shanghai shares were up slightly in early trading, lifted by overnight gains in US stocks, dealers said. The ...